china, visionary or economic nightmare awaiting?
Ok so been at home for a weekend and been doing some reading on china.
Look up ghost cities on youtube. China has built tonnes of cities all over then place in the span of the last six years in response to the major downturn in their economy thanks to the usa financial collapse of 2008.
China has expanded debt in five years which is equivelent to the entire debt expansion of the unitied states in the last 100years.
Is this the true power of the chinese republic or is it a real estate boom that will blow up like every other boom has been doing around the world?
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